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CyberArk (CYBR) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, CyberArk (CYBR - Free Report) reported revenue of $224.71 million, up 27.8% over the same period last year. EPS came in at $0.54, compared to $0.03 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $219.26 million, representing a surprise of +2.48%. The company delivered an EPS surprise of +31.71%, with the consensus EPS estimate being $0.41.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CyberArk performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Annual Recurring Revenue (ARR)
: $868 million compared to the $862.76 million average estimate based on eight analysts.
Maintenance Annual Recurring Revenue (ARR)
: $191 million versus the five-analyst average estimate of $188.68 million.
Subscription Annual Recurring Revenue (ARR)
: $677 million versus $678.18 million estimated by five analysts on average.
Revenues- Maintenance and professional services
: $64.59 million compared to the $60.06 million average estimate based on 10 analysts. The reported number represents a change of 0% year over year.
Revenues- Perpetual license
: $5.09 million compared to the $3.09 million average estimate based on 10 analysts. The reported number represents a change of 0% year over year.
Revenues- Subscription
: $106.17 million versus the 10-analyst average estimate of $155.93 million. The reported number represents a year-over-year change of 0%.
Shares of CyberArk have returned -10.3% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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CyberArk (CYBR) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, CyberArk (CYBR - Free Report) reported revenue of $224.71 million, up 27.8% over the same period last year. EPS came in at $0.54, compared to $0.03 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $219.26 million, representing a surprise of +2.48%. The company delivered an EPS surprise of +31.71%, with the consensus EPS estimate being $0.41.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CyberArk performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for CyberArk here>>>Total Annual Recurring Revenue (ARR)
: $868 million compared to the $862.76 million average estimate based on eight analysts.Maintenance Annual Recurring Revenue (ARR)
: $191 million versus the five-analyst average estimate of $188.68 million.Subscription Annual Recurring Revenue (ARR)
: $677 million versus $678.18 million estimated by five analysts on average.Revenues- Maintenance and professional services
: $64.59 million compared to the $60.06 million average estimate based on 10 analysts. The reported number represents a change of 0% year over year.Revenues- Perpetual license
: $5.09 million compared to the $3.09 million average estimate based on 10 analysts. The reported number represents a change of 0% year over year.Revenues- Subscription
: $106.17 million versus the 10-analyst average estimate of $155.93 million. The reported number represents a year-over-year change of 0%.Shares of CyberArk have returned -10.3% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.